paper, we show that frictions in the labour market leading to monitoring costs tend to reduce the growth of the firm via two … to both frictions in the credit and labour markets. -- entrepreneurship ; monitoring costs ; credit constraint …

data. Factors emphasized in the economic theory of agency, notably risk aversion, also shape pay policies but these factors …

learning model with the theory of rational inattention introduced by Sims (2006). In the model firms optimally allocate …

We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of … function of individual wealth while the introduction of start-up costs tends to flatten this relationship. The theoretical … business start-up costs. We use three highly comparable micro datasets (SHARE, ELSA and HRS) providing harmonized data on …

reduced dismissal costs for the employers of over a tenth of Sweden's workforce. Our difference-in-differences analysis of … their hiring standards in response to changes in dismissal costs. …